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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Kokomo at 4009 Lisa Ct, Kokomo, IN, 46902 generates $2,858/mo in rent and, after a $1,762/mo payment, leaves $697/mo in cash flow. Total monthly income is $2,858/mo, and annual cash flow is $8,364/yr on $119,340 invested. Return on cash invested sits at 26.92% in year one, and rental yield is 9.53% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 140.18% and total cumulative return in cash sums $167,289. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,858/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46902, Kokomo, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,938 (100%) |
| Owner Occupied HU | 11,124 (62.0%) |
| Renter Occupied HU | 5,386 (30.0%) |
| Vacant Housing Units | 1,428 ( 8.0%) |
| Median Home Value | $188,290 |
| Average Home Value | $212,863 |
Residential
17,385
Single Family
15,243
Multi-Family
2,142
Businesses
1,038
Date | Event | Price |
|---|---|---|
| 2025-10-24 | Sold | $360,000 |
| 2025-09-22 | Listed for sale | $365,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $1903.52 | -15.40% | $247,400 | -3.17% |
| 2023-10-26 | $2250.00 | 25.09% | $255,500 | -0.12% |
| 2022-10-26 | $1798.70 | 18.13% | $255,800 | 15.07% |
Listed by: Naomi Eason • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202538380
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
